Update on the Livestock & Meat Situation

Pork and beef packing plant shutdowns along with reductions in demand from the hotel, restaurant, and institutional sector have disrupted U.S. meat and livestock markets. Purdue ag economists Jayson Lusk and James Mintert review the resulting dramatic shifts in pork and beef production along with the impact these shifts have had on U.S. wholesale beef and pork prices as well as prices for cattle and hogs. Charts are available at https://purdue.ag/2YdlbEF.